New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1887-02-14
THE PHENIX MINE.

lis CRITICS AND ITS PROSPFCTS-INTERVIEW WITH
THE PRESIDENT OF THE COMPANY.
reporter yesterday called on Colonel r. s. Jemison,
president OF the PhGnix Mining Company. for any In
formation he might have for the public explanation OF
an article on the Phoenix Mine which appeared In o
mining Journal on Saturday
"Iam always ready" said Colonel Jemson, d" to tell
ANYTHING know about the mine The statement that
our title to the mine is in dispute defective is absolute
ly false; and no fair or unparalleled would crcu-
late or repeat such statement without first calling at
the companys office 10 Investigate the matter. NO
matter who makes the statement 1t is untrue. There
Is not the slightest flaw In our title
did not invest my money in the mine until was sure OF
that We those statements and bearsa articles every
little while They written by persons wholly unhc-
quanted with the property and seem absurd except
from the point OF view that they inspired by bears on
tile stock.
"I AIN not a Wall Street man stock dealer went
into the Phoenix Mine legitimate enterprise. De
eyed that the prospects were that the proper "ofk
would develop a great mine Every report from the
mine corroboratcs that view. OF course have never
claimed that the mine thoroughly developed. with
OCO 600 OF in sight and blocked out 40 that u
could be measured Ike cord wood III that were true
the stock would be selling at $50 or above.
have only quoted literally what many
eminent experts have said 10 me. namely
You have large OF developed that will mill
dcatons point that wayyou NAV reasonably count on
at least 100000 OF such The work now being
done will prove this.
"This Is lust where the speculation comes in we nave
the ore AT the north enl Of the claim and 1000 feet south
WE have the same ore We have cut II at an average
depth OF about l25 feet rely upon the judgment Of
our supernenden who Is constantly nj tho mine. lilo
has been practically iudorsed by such men George ".
MAYNARD and william T. Blake. The lowest estimate that
has been made on the cash value OF the mine,
A. II stands is 900 900 The prospective estimates
1nnd these are speculative run mp To over
900 based mere theory, but upon TIE orc
ends aud In various places throIHholt
the entire claim. We have had ample milling tests u
tests. -,
ii want you understand" continued Colonel Jemi-
son that 1 am not telling yOu thi, 10 bull the stock
.v never r share and shall not sell until mil
T. r,,nrlug on the mine Don't ask nc about washed
sales never manipulated a stock IN my lie. near
broker, call IL. and know that PhTnlR STOCK u
hcld from Portland. Me. Ia Galveston. Tex. We
transferred come Saturday Ia Iuan IN
portland suspect that Oi our largest holders has
Mil hi, stock and l. perhaps bearing the market To buy
a. haok n ha- been the fashion for mining companies
o. give different persons calls on their socs IN con
alteration OF IL. being 'bued aud pune ny these per
sons The Phoenix Company has violated that fashion:
and proposes lcy ts merits aud the backing OF
H.. friends who am sure. stand ready 10 buy All the
stock offered at about current prices
ma add" concluded Colonel Joini-on. tha inc
IL due to the sagacy Of Professor MAY nard. Who sug
rcscd that OF men should be put At work there,
s he believed the vein would be cut at that point We
now have there - feet Of ore assaying ~